Double-entry bookkeeping system

Double-entry bookkeeping system
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left side of double-entry bookkeeping system the left-hand side of an account, showing increases in a company's assets or decreases in its liabilities ...

Main articles: Luca Pacioli and Double-entry bookkeeping system
Bartering was the dominant practice for traveling merchants during the Middle Ages.

Entry on the left side of a DOUBLE-ENTRY BOOKKEEPING system that represents the addition of an ASSET or expense or the reduction to a LIABILITY or REVENUE.
See also: Credit ...

Journal: A book or original entry in a double-entry bookkeeping system. The journal lists all transactions and indicates the accounts to which they are posted.

Journal Entry: A recording of a transaction where debits equal credits.

See also: Bookkeeping, Double-entry bookkeeping, Expense, Generally accepted accounting principles, Banks